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Feb 5, 2013
02/13
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home prices and signs of strength in europe's economy and strong earnings report also helping power the gains. taking a live look at the big board, the dow is back above 14,000, up 123. the nasdaq is also 44 and s&p up 17. >>> dell computers is going private with a deal worth more than $24 billion. the texas company will be acquired by dell founder and a private equity firm. microsoft is also taking part in the deal with a $2 billion loan. dell is the number 3 computermaker in the world but has been losing market share to competitors, including hp. >>> san francisco's two championship teams are battling it out on the links in pebble beach. the 49ers and giants are competing in a charity golf event. the giants' lineup features bruce bochy and matt cain and ryan vogelsong. the 9ers are being represented by brent jones, dwight howard, former players. >>> phil mickelson will attempt to tie amare's record at mental beach. last week, he moved past sam sneed and jack nicklaus for second on the all-time list. >>> singer chris brown could find himself in more trouble. the los angeles district at
home prices and signs of strength in europe's economy and strong earnings report also helping power the gains. taking a live look at the big board, the dow is back above 14,000, up 123. the nasdaq is also 44 and s&p up 17. >>> dell computers is going private with a deal worth more than $24 billion. the texas company will be acquired by dell founder and a private equity firm. microsoft is also taking part in the deal with a $2 billion loan. dell is the number 3 computermaker in the...
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Feb 6, 2013
02/13
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. >> our economy right now is headed in the right direction. and it will stay that way as long as there are no self- inflicted wounds coming out of washington. >> the cuts will reduce federal spending by $8,500 split eventually between military and domestic programs. >>> we told you at 5:00 that the remains of richard the iii had been found. well tonight we're getting an idea of what he looked like when he was alive and here he is. this sculpture is based on the remains of its skull. the 15th century english king was known as an evil hunch back. britain is now preparing to rebury the mononarc. >>> a young woman is spending the next month in a florida jail because of something she said and did in court. >> did you say -- [ bleep ] to me. >> actually i did. >> did you say that? >> yes, sir i did. >> oh you did say that. >> i found you in direct criminal content. 30 days in criminal jail. >> 18-year-old penelope soto had just flipped off the judge. the judge ordered soto to be held on $5,000 bond to which she laughed and said adios. >>> it's a fam
. >> our economy right now is headed in the right direction. and it will stay that way as long as there are no self- inflicted wounds coming out of washington. >> the cuts will reduce federal spending by $8,500 split eventually between military and domestic programs. >>> we told you at 5:00 that the remains of richard the iii had been found. well tonight we're getting an idea of what he looked like when he was alive and here he is. this sculpture is based on the remains of...
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Feb 5, 2013
02/13
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WMAR
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economy to the brink. calling the conduct e dpreeious, eric holder said they lied about the value of financial security. >> we allege by knowingly issuing ratings which misrepresented the credit worthiness, s&p misled investors. >> reporter: he said they were driven by profits. the result is from a four-year investigation by two government lawyers who also accused s&p bosses of ignoring warnings from the staff. they said that proves s&p new they were giving high ratings to mortgages that were virtually worthless. >> it's sort of like buying sausage from your butch are. he assures you this was made fresh that morning and safe. what he doesn't tell you -- what he doesn't tell you is it was made with meat he knows is rot ton. >> reporter: he said the doj lawsuit is without factual or legal merit, adds that could predict it. >> this is first amendment speech. we're protected. >> reporter: questions have been raised why the government is singling out s&p, implying it could be because of the downgrading of the c
economy to the brink. calling the conduct e dpreeious, eric holder said they lied about the value of financial security. >> we allege by knowingly issuing ratings which misrepresented the credit worthiness, s&p misled investors. >> reporter: he said they were driven by profits. the result is from a four-year investigation by two government lawyers who also accused s&p bosses of ignoring warnings from the staff. they said that proves s&p new they were giving high ratings...
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Feb 6, 2013
02/13
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the president believes a new immigration system benefits the broader economy. meanwhile on capitol hill, the mayor of san antonio, texes, julian castro, told a house committee yesterday he supports the pathway to citizenship. he also addressed the guest worker program some lawmakers want. "that may be one way to do it. however, in terms of the 11 million folks who are here, certainly putting them on a path to citizenship, ensuring that after they pay taxes, they pay a fine, they learn english, they get to the back of the line, that's the best option." castro calls the country's immigration system "broken," but adds that congress is on the cusp of making progress. president obama is seeking short-term solutions to fix the country's debt problems. the president has asked congress to decide on short-term spending cuts in lieu of a bigger package of cuts and reforms. lawmakers face a march 1st deadline to avoid across-the- board spending cuts known as sequestration. president obama remarked yesterday that the cuts would threaten economic recovery, and noted he is "
the president believes a new immigration system benefits the broader economy. meanwhile on capitol hill, the mayor of san antonio, texes, julian castro, told a house committee yesterday he supports the pathway to citizenship. he also addressed the guest worker program some lawmakers want. "that may be one way to do it. however, in terms of the 11 million folks who are here, certainly putting them on a path to citizenship, ensuring that after they pay taxes, they pay a fine, they learn...
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Jan 31, 2013
01/13
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CNBC
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feds putting on stimulus and this economy has legs. if they get increased comments, and consumers continue to come back into the market. i think it has the right things. washington can screw it up here. >> we certainly hope they don't. brian and eamon were talking about a story which made me think. when you have computers out there, executing trades in milliseconds, what does the retail investor think about that? do they say, this isn't a field or do they kpat mtal eyes. i think you have increasing science for those that work in the ind us 2ri, getting increasingly near vows about this that will impact the integrity of the markets. i think from market structure perspective, there are smings that need to be corrected and fixed. but four for the average retail investors, it is average headlines but not on the top of their mind. >> thank you for the show. good conference you are putting on as well. >> if i'm not there on the show, you'll see what happens. >> thank you. snrs that's my street. i love it. >> now back down to the beer deal. b
feds putting on stimulus and this economy has legs. if they get increased comments, and consumers continue to come back into the market. i think it has the right things. washington can screw it up here. >> we certainly hope they don't. brian and eamon were talking about a story which made me think. when you have computers out there, executing trades in milliseconds, what does the retail investor think about that? do they say, this isn't a field or do they kpat mtal eyes. i think you have...
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Feb 5, 2013
02/13
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WETA
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economy hard. as darren gersh reports, president obama today asked congress to delay the cuts before the march 1 deadline. >> reporter: with $44 billion in spending cuts in defense and most other federal programs just weeks away, the president urged congress to pass a mix of spending cuts and tax increases to ease the immediate hit. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy, should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes. >> reporter: republicans dismissed the calls for more tax increases, and many argue the threat of the automatic spending cuts known as the sequester are the only way to force democrats to accept more spending cuts. but their leverage may be limited. >> i think we will have the sequester for a short period of time, probably until the first civilian employee of the governme
economy hard. as darren gersh reports, president obama today asked congress to delay the cuts before the march 1 deadline. >> reporter: with $44 billion in spending cuts in defense and most other federal programs just weeks away, the president urged congress to pass a mix of spending cuts and tax increases to ease the immediate hit. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of...
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Feb 6, 2013
02/13
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the white house wants another short term fix to head off the fragile economy and give lawmakers more time to work out a ten-year plan. >> we should give them a chance to come up with a budget instead of making indiscriminate cuts now that will cost us jobs and significantly slow down our recovery r the president continues to push the approach that includes more house and spending cuts. but john boehner says tax hikes are out of the question. >> every month with president obama kind of feels the same. high unemployment, rising prices, and more debt for our kids and our grandkids. >> reporter: speaker boehner says he does not want another temporary fix. some other republicans indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. both cuts would take a bite out of military and domestic spending programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> on the "cbs moneywatch" now, overseas markets got a boost and postal problems. ashley morrison is here in new york with that and more. good mornin
the white house wants another short term fix to head off the fragile economy and give lawmakers more time to work out a ten-year plan. >> we should give them a chance to come up with a budget instead of making indiscriminate cuts now that will cost us jobs and significantly slow down our recovery r the president continues to push the approach that includes more house and spending cuts. but john boehner says tax hikes are out of the question. >> every month with president obama kind...
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economy hard. as darren gersh reports, president obama today asked congress to delay the cuts before the march 1 deadline. >> reporter: with $44 billion in spending cuts in defense and most other federal programs just weeks away, the president urged congress to pass a mix of spending cuts and tax increases to ease the immediate hit. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy, should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes. >> reporter: republicans dismissed the calls for more tax increases, and many argue the threat of the automatic spending cuts known as the sequester are the only way to force democrats to accept more spending cuts. but their leverage may be limited. >> i think we will have the sequester for a short period of time, probably until the first civilian employee of the governme
economy hard. as darren gersh reports, president obama today asked congress to delay the cuts before the march 1 deadline. >> reporter: with $44 billion in spending cuts in defense and most other federal programs just weeks away, the president urged congress to pass a mix of spending cuts and tax increases to ease the immediate hit. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of...
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Feb 6, 2013
02/13
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that was obvious but the entire economy could be brought down by it. that's not a thought that was in my head. >> charlie: without having you comment i'm going to read your rehab programs for policy makers. don't try to do too many things at once. explain yourself to the people. say it in language that ordinary people can understand. number 4, repeat steps 2 and 3. explain yourself. step 5 set expectations low. step 6. pay attention to people's at feuds, prejudices and misconceptions and step 7 way rapt attention to fairness. if people think they're being screwed as they did during the financial crisis and with good reason, you almost certainly lose them. >> you do. there's a difference between paying attention and paying rapt attention. we economists pay a lot more attention to efficiency. but most of the people on earth not just in america pay a lot more attention to fairness. >> charlie: do you think more people should have gone to jail because of what happened leading up to 2008? >> i do. i can't name them. going to jail is a high bar. you have to
that was obvious but the entire economy could be brought down by it. that's not a thought that was in my head. >> charlie: without having you comment i'm going to read your rehab programs for policy makers. don't try to do too many things at once. explain yourself to the people. say it in language that ordinary people can understand. number 4, repeat steps 2 and 3. explain yourself. step 5 set expectations low. step 6. pay attention to people's at feuds, prejudices and misconceptions and...
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Feb 5, 2013
02/13
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experts say this is a direct result that the economy is rebounding. good news there. the city that has the least congestion, pensacola, florida. that takes only a measly nine minutes to get to where you need to go. >> tara, thank you for the toss. i will take it from here. >>> traffic is moving along in some areas not so well, you know the drill. even though this is a 15 to 20- minute delay, i would still say it's a good excuse there are no problems on that span. so the total time you are looking at to get into san francisco, live time traffic 30 plus minutes. not that bad for the entire thing. trying to get up to the bay bridge in oakland, there was a crash 880 in san leandro. that's been cleared. very slow. that's also affecting the castro valley commute. if you want to use an alternate, i would say 580 all the way out to 980. it's. right now it's still pretty good. if you are going slow, i would say that's a decent alternate for you. the south bay commute still looks good. it has not become quite as heavy as it can be. you can see for yourself. 280 is looking good
experts say this is a direct result that the economy is rebounding. good news there. the city that has the least congestion, pensacola, florida. that takes only a measly nine minutes to get to where you need to go. >> tara, thank you for the toss. i will take it from here. >>> traffic is moving along in some areas not so well, you know the drill. even though this is a 15 to 20- minute delay, i would still say it's a good excuse there are no problems on that span. so the total...
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Feb 5, 2013
02/13
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CNBC
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it's not the right thing to do for the economy. it's not the right thing for folks who are out there still looking for work. the good news is this doesn't have to happen. for all the drama and disagreements we've had over the past few years, democrats and republicans have still been able to come together and cut the deficit by more than $2.5 trillion through a mix of spending cuts and higher rates on taxes for the healthy. the balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i put forward during the fiscal cliff negotiations, in discussions with speaker boehner and others, are still very much on the table. i just want to repeat, the deals that i put forward, the balanced approach of spending cuts and e
it's not the right thing to do for the economy. it's not the right thing for folks who are out there still looking for work. the good news is this doesn't have to happen. for all the drama and disagreements we've had over the past few years, democrats and republicans have still been able to come together and cut the deficit by more than $2.5 trillion through a mix of spending cuts and higher rates on taxes for the healthy. the balanced approach has achieved more than $2.5 trillion in deficit...
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Feb 5, 2013
02/13
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CNBC
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if global economies do a little bit better. that's going to do well. also good balance sheets are starting to do a lot more with their cash, paying dividends, buying back stock. health care is another group that looks attractive on a valuation basis. earnings are starting to turn up. good balance sheets, we have got a little less defensive. they look expensive. when the market goes down or sideways, we have we don't think is going to happen. growth overvalue with tech and health care is our two favorite groups. >> the s&p really requires the foreign story to be much stronger in order to grow earnings and i these we're like at 55% or 6 0%. what does that look like for small caps how dependent on the u.s. small caps for europe coming out of its funk or japan being better than expected, et cetera? >> foreign sales are just about 20% of the overall small cap revenue growth or revenue. i think if the large caps start to do a little bit better because foreign economies are doing better, small caps are going to be the supplier into the large cap companies, if
if global economies do a little bit better. that's going to do well. also good balance sheets are starting to do a lot more with their cash, paying dividends, buying back stock. health care is another group that looks attractive on a valuation basis. earnings are starting to turn up. good balance sheets, we have got a little less defensive. they look expensive. when the market goes down or sideways, we have we don't think is going to happen. growth overvalue with tech and health care is our two...
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Feb 6, 2013
02/13
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the less they spend, the less involved they are in the economy and the private economy can flourish more. it's so simple. the equation is so basic. i don't get it. >> i'm not going to name names. this guy is very good at what he does. he just didn't get what you just said and he's a great stock picker. extremely wealthy. >> he probably has a lot of stocks where they have practiced represent seeking from the government, they maybe get wing subsidies or maybe he's buying solar companies that will survive that desperately maybe he's got certain defense stock that's desperately wants to make sure that they'll keep bringing in the revenues. he probably has vested interests. >> i just want to say, one of your favorite presidents, bill clinton, when he came into office, spending as a share of gdp was about 21%, 21.5%. when he left office working with a republican congress, it was % 18%. p we had a terrific boom with lower spending. does anybody remember that? >> i find it amazing to look back at clinton. >> he was a conservative compared to president obama. >> even bush and the way he spent, ju
the less they spend, the less involved they are in the economy and the private economy can flourish more. it's so simple. the equation is so basic. i don't get it. >> i'm not going to name names. this guy is very good at what he does. he just didn't get what you just said and he's a great stock picker. extremely wealthy. >> he probably has a lot of stocks where they have practiced represent seeking from the government, they maybe get wing subsidies or maybe he's buying solar...
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Feb 1, 2013
02/13
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CNBC
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higher rates ask choke off parts of the economy. but rate often go up when the economy is expanding and improving. is there a bright line. >> that we can use to know what is good and bad at a higher level rate. >> no. each cycle is different and each reals rate is different per cycle. i get into fight with people all the time about this. what if i told you today that three years from now, the fed raises interest rate, and racing by 425 basis points. where would their responses be? oh, most say oh, their hair would be on higher. the stork et market went up an diasianal 40%, higher rates are good for the economy, proving the fed is on top of their game. >> i would agree -- >> go ahead -- >> no, no, i would agree, gradually rising interest rate are part after healthy growing economy. i would agree like that and there are interest rate with no end in site and if the stock market is spooked with 1 percent to 4% then we have a major problem in long-term i because i can guarantee that from here to eternity, interest rate are not going it s
higher rates ask choke off parts of the economy. but rate often go up when the economy is expanding and improving. is there a bright line. >> that we can use to know what is good and bad at a higher level rate. >> no. each cycle is different and each reals rate is different per cycle. i get into fight with people all the time about this. what if i told you today that three years from now, the fed raises interest rate, and racing by 425 basis points. where would their responses be?...
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. >> good news for the bay area economy. a new report out this morning says silicon valley bounced out of the recession last year adding jobs and income. overall, income in silicon valley rose 2.2 percent according to the group joint venture silicon valley. employment was up 4 percent last quarter from the year before the sharpest increase in a decade but the rebound hasn't been a cure all for all. african-americans' income fell an average 18 percent last year and hispanic income dropped 5 percent. >> dell will leave the stock market. the company founder and a group of investers hoped to buy the company and take it private a deal worth $24 billion. shareholders have to approve the plan. dell struggled losing a third of their market value and falling behind rivals apple and samsung. >> nothing private about the weather forecast. we have clouds out there. >> lot of clouds. they are high mid-level clouds and not dropping any rain. it is not this cold front i am worried about but the next one, on thursday. i will give you an upd
. >> good news for the bay area economy. a new report out this morning says silicon valley bounced out of the recession last year adding jobs and income. overall, income in silicon valley rose 2.2 percent according to the group joint venture silicon valley. employment was up 4 percent last quarter from the year before the sharpest increase in a decade but the rebound hasn't been a cure all for all. african-americans' income fell an average 18 percent last year and hispanic income dropped...
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Feb 6, 2013
02/13
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KRCB
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. >> the markets for new cars in many advanced economies are saturated. but there's still room to expand in russia. so i expect much more growth. >> reporter: to cash in on the growing demand in russia for brand name cars, automaker from the u.s., europe, south korea, and japan have expanded to russia. these companiesre also stepping up local production. this factory in vladivostok assembles toyota vehicles. the company is a joint venture between mitsui and company and russian auto maker solis. it plans to make 12,000 units a year. to have set out the plant toyota sent out more than ten engineers to vladivostok at its aichi prefectu faory. local production in the far east has been given a boost with the russian government economic development plan. the far east region has rarely benefited from russia's economic growth. but officials now aim to use foreign investments in the auto sector as leverage. to help local manufacturers grow. to help the far east increase its sales across the country including the strong hold of moscow, the russian government has de
. >> the markets for new cars in many advanced economies are saturated. but there's still room to expand in russia. so i expect much more growth. >> reporter: to cash in on the growing demand in russia for brand name cars, automaker from the u.s., europe, south korea, and japan have expanded to russia. these companiesre also stepping up local production. this factory in vladivostok assembles toyota vehicles. the company is a joint venture between mitsui and company and russian auto...
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economy is poised for progress in the coming year and predicted it will fall below the $1 trillion mark. >> sources tell ap tonight the pentagon is ready to offer limited benefits to same-sex partners of gay service members. likely toin clud health and welfare benefits. dpeens secretary has not made a decision because federal law prohibits him from recognizing same-sex marriages. british lawmakers voted in favor of legalizing same-sex marriage. legislation would enable same-sex couples to get married in civil and religious ceremonies. the prime minister championed the bill despite opposition from within his party. before it becomes plau it must still pass the house of lord autos as we continue here, coming up, governor brown's response to a texas raid on california jobs. >> and >>> because gas prices are high it turns out we're driving less but spending more time in traffic. san francisco oakland area is tied did w.lngs langs for having the second worst congestion if the country behind behind washington, d.c.. a study shows drivers spent 61 hours in traffic jams and wasted $1200 wornl o
economy is poised for progress in the coming year and predicted it will fall below the $1 trillion mark. >> sources tell ap tonight the pentagon is ready to offer limited benefits to same-sex partners of gay service members. likely toin clud health and welfare benefits. dpeens secretary has not made a decision because federal law prohibits him from recognizing same-sex marriages. british lawmakers voted in favor of legalizing same-sex marriage. legislation would enable same-sex couples to...
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Jan 29, 2013
01/13
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FBC
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the economy comes to life. norfolk southern. one line, infinite possibilities. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. cheryl: getting closer, the bulls continued to pile into the blue-chip. how close we are. a five-year high, earnings are actually the very day driver thanks to some healthy numbers from pfizer. very close to 14,000. the last hour of trading, "countdown to the closing bell" begins right now. the dow closing at the best level since october 2007. quickly approaching a well-rounded 14,000 level everybody looks at and it is just about 1.5% away from that all-time high. perhaps tomorrow's fed decision will be the catalyst or it will blow everything apart. look at the winners and pfizer up more than 3% looking very healthy, $0.87 gain
the economy comes to life. norfolk southern. one line, infinite possibilities. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. cheryl: getting closer, the bulls continued to pile into...
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Feb 4, 2013
02/13
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WETA
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economy shrink just a fraction at the end of last year part of the economy driven by the consumer continued to grow. tonight's word on the street is consumer, david peltier back with us. portfolio manager at the street.com with us from the web site in new york. david, you know, consumer focus stock sectors outperform the broader market over the past year. can that continue? >> i think that's a really good point. especially in 2012. when-- generally the consumer sectors are considered defensive so the fact they outperformed i think they can continue to outperform in 2013. we're in a period now where essentially an all-time high and a lot of folks are calling for a bit of a pullback. >> and clearly a lot of these consumer goods companies come with dividends. thats with a theme we saw in the first half of last year but the stocks continued to do well at the end of theas year into thiserio. coca-cola someone of those you have your eye on as a dividend consumer goods, what do you like out of coke. >> i'm the resident dividend stock advisor here at the street and i really like 29.7% dividend yiel
economy shrink just a fraction at the end of last year part of the economy driven by the consumer continued to grow. tonight's word on the street is consumer, david peltier back with us. portfolio manager at the street.com with us from the web site in new york. david, you know, consumer focus stock sectors outperform the broader market over the past year. can that continue? >> i think that's a really good point. especially in 2012. when-- generally the consumer sectors are considered...
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Feb 5, 2013
02/13
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CNBC
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fool economy is selling. how much more do you want to pay to introduce that. >> a trust fund millionaire driving around in a prius, i'm saving the environment. >> if they are comfortable with it, it's there for them. >> i have a question on boeing and dreamliner investigation. i understand boeing wants to do test flights. it wants to go up in the air and try and solve what the problem is up there. >> yeah. they formally have asked faa tore permission to lift for test flights of their planes not with the airlines. i suspect the faa will grant this request because ultimately they need to get these planes in the air to do more battery tests, mandy. when you think about it, they are always putting these approvals, if you will, for flying test aircraft. boeing does it all the time. faa approves it all the time. i suspect they will go to the faa with enough data to say we need to get to the level of testing these batteries in flight to see if there are certain things that happen in flight that don't happen on the g
fool economy is selling. how much more do you want to pay to introduce that. >> a trust fund millionaire driving around in a prius, i'm saving the environment. >> if they are comfortable with it, it's there for them. >> i have a question on boeing and dreamliner investigation. i understand boeing wants to do test flights. it wants to go up in the air and try and solve what the problem is up there. >> yeah. they formally have asked faa tore permission to lift for test...
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economy shrink just a fraction at the end of last year part of the economy driven by the consumer continued to grow. tonight's word on the street is consumer, david peltier back with us. portfolio manager at the street.com with us from the web site in new york. david, you know consumer focus stock sectors outperform the broader market over the past year. can that continue? >> i think that's a really good point. especially in 2012. when-- generally the consumer sectors are considered defensive so the fact they outperformed i think they can continue to outperform in 2013. we're in a period now where essentially an all-time high and a lot of folks are calling for a bit of a pullback. >> and clearly a lot of these consumer goods companies come with dividends. thats with a theme we saw in the first half of last year but the stocks continued to do well at the end of theas year into thiserio. coca-cola someone of those you have your eye on as a dividend consumer goods, what do you like out of coke. >> i'm the resident dividend stock advisor here at the street and i really like 29.7% dividend yield
economy shrink just a fraction at the end of last year part of the economy driven by the consumer continued to grow. tonight's word on the street is consumer, david peltier back with us. portfolio manager at the street.com with us from the web site in new york. david, you know consumer focus stock sectors outperform the broader market over the past year. can that continue? >> i think that's a really good point. especially in 2012. when-- generally the consumer sectors are considered...
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Feb 5, 2013
02/13
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KOFY
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. >> good news for the bay area economy. a new report out this morning says silicon valley bounced out of the recession last year adding jobs and income. overall, income in silicon valley rose 2.2 percent according to the group joint venture silicon valley. employment was up 4 percent last quarter from the year before the sharpest increase in a decade but the rebound hasn't been a cure all for all. african-americans' income fell an average 18 percent last year and hispanic income dropped 5 percent. >> dell will leave the stock market. the company founder and a group of investers hoped to buy the company and take it private a deal worth $24 billion. shareholders have to approve the plan. dell struggled losing a third of their market value and falling behind rivals apple and samsung. >> nothing private about the weather forecast. we have clouds out there. >> lot of clouds. they are high mid-level clouds and not dropping any rain. it is not this cold front i am worried about but the next one, on thursday. i will give you an upd
. >> good news for the bay area economy. a new report out this morning says silicon valley bounced out of the recession last year adding jobs and income. overall, income in silicon valley rose 2.2 percent according to the group joint venture silicon valley. employment was up 4 percent last quarter from the year before the sharpest increase in a decade but the rebound hasn't been a cure all for all. african-americans' income fell an average 18 percent last year and hispanic income dropped...
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Feb 6, 2013
02/13
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CNBC
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wage growth is tepid at best in this economy. b of a put a report out that this week with high gasoline prices and falling wages that's a toxic recipe going forward and the second reason, and when i look at apple versus disney, these two stocks until roughly thanksgiving traded very much in unison and we've seen a very we well-advertised plunge. i think that's broader and indicative of the consumer in general so my guess that the apple selling will start to infect disney and i did short it this morning. >> jeff, you're allowed to do some fundamental talk then as well if he brought a chart along. >> that sounds great. bill, i want to know how bill will show up at home tonight. what are his kids going to say? >> exactly. >> absolutely. let's look at the technical charts and the then i'll get into some fundamentals this. stock is up 41% over the last -- last 12 months, up 9% for the year. it's in a long-term trend line. it has, and it just broke above a double top that they have put back in in september, about $53. is it a buy? i'm
wage growth is tepid at best in this economy. b of a put a report out that this week with high gasoline prices and falling wages that's a toxic recipe going forward and the second reason, and when i look at apple versus disney, these two stocks until roughly thanksgiving traded very much in unison and we've seen a very we well-advertised plunge. i think that's broader and indicative of the consumer in general so my guess that the apple selling will start to infect disney and i did short it this...
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Feb 6, 2013
02/13
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> we've been waiting here all day for you to arrive. at the top of the hour one of the energy top analysts. he will tell you his plays on the sector as gasoline prices are on the rise. forget about profits, we will tell you what really keeps the ceos up at night. what do they worry about? and an inside look at the exclusive world of venture capitalism and one fine stay in the hot seat and we will ask you are you in or out, our power pitch at the top of the hour. >> all right. see you in 15 minutes. as the dow flirts with new highs, one of the investment strategists is throwing hot water on it. byron wien, nice to see you on half-time. >> nice to see y
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> we've been waiting here all day for you to arrive. at the top of the hour one...
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Feb 6, 2013
02/13
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KQED
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a lot of people have heard about over the last five or six years because of what happened when the economy collapsed. it was those types of products that were securitize, they were put into investment vehicles but in order for those investment vehicles to be purchased bid pension funds, mutual funds, they had to be rated so it was standard & poor's that would say to them that the c.b.o.s had the highest rating, the a.a.a. rating. only then were they able to be purchased by these investors but all along it was well known that those investments, that collateral, was not as good as they said. so at the end of the day if you look at why the financial collapse took place and why it was so large it was because you had standard & poor's saying that these were good and they were really bad. >> brown: s&p put out a statement right away, yesterday, they said, look, we used our best judgment and they said in essence everybody was wrong. a quote "unfortunately, s&p like everyone else did not predict the speed of the coming crisis." how do you prove otherwise? >> you prove it when you look at their, ma
a lot of people have heard about over the last five or six years because of what happened when the economy collapsed. it was those types of products that were securitize, they were put into investment vehicles but in order for those investment vehicles to be purchased bid pension funds, mutual funds, they had to be rated so it was standard & poor's that would say to them that the c.b.o.s had the highest rating, the a.a.a. rating. only then were they able to be purchased by these investors...
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Feb 5, 2013
02/13
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KRON
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one is because the economy is doing well as though the cost of crude oil is ouup. another thing is processes are turning over to the spring/summer blend. that means some of these production is down why they make that switched over. as we get closer to the summer blend we may continue to see prices go up. they may continue go up all the way through april. >>-i knew i should fill up three days ago. >> the good news is that gas will probably be more expensive so fill up today and again be your friend. >> i have no choice, have 2 mi. left. >> the good news is today's gas prices will be cheaper than tomorrows. americans are bombing about 4% of their incomes into buying gasoline. the energy barbets is u.s. households spent an average of just over $2,900 on gasoline last year. that is eyes level and for years. the percentage rates similar levels in 2008, when a red hot global economy and panic over dueling surprising gas prices to the roof. the nationwide average price for gas of regular gas out cast it $3.60 last year also a record high. >> police have released the name
one is because the economy is doing well as though the cost of crude oil is ouup. another thing is processes are turning over to the spring/summer blend. that means some of these production is down why they make that switched over. as we get closer to the summer blend we may continue to see prices go up. they may continue go up all the way through april. >>-i knew i should fill up three days ago. >> the good news is that gas will probably be more expensive so fill up today and again...
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all of 2012 the economy added an average of 181,000 jobs a month. the u.s. manufacturing sector, some good news there, expanding since april. ism manufacturing index since it is known, the number on the screen, 5.1, any indication above 50, that means that there's expansion. the expectation was for contraction. so it was a very good number there, david. we've got mark sebastion to weigh on all of this. david: we do in the pits of the cme. he tells us why there is tremendous opportunity in europe right now. and jeff cleveland breaking down the hidden numbers in today's jobs report. liz: that is the, at the cme, give us how traders, you guys are the experienced ones, the media make a big deal when we hit the round number of 1,000, but what do the traders think? >> you don't see me covered in confetti right now? i thought you would have seen the party. i actually think we may have seen the most exciting day of month of february today. i look out what's ahead of us and i'm looking for a catalyst to really drive the markets. we had big move today of about 1% in t
all of 2012 the economy added an average of 181,000 jobs a month. the u.s. manufacturing sector, some good news there, expanding since april. ism manufacturing index since it is known, the number on the screen, 5.1, any indication above 50, that means that there's expansion. the expectation was for contraction. so it was a very good number there, david. we've got mark sebastion to weigh on all of this. david: we do in the pits of the cme. he tells us why there is tremendous opportunity in...
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the national economy is not in good shape. sandra: never before has there been a bigger disconnect in the economy and the stock market. listen, or than 7% of s&p companies had the his earnings season. the reason these companies are doing so well is because wages are not going up and people are doing more work for less money. wait until the sequestration hits on march 1. stuart: charles, you think that it is going up? charles: i do. when caterpillar reports that 70% of their revenue comes from outside of america. i do worry about the media. every single report that came out last week with either bad or devastatingly bad. stuart: you are right. you got that one right. our time is up. here now is dagen and connell. dagen: you are all the pressing. connell: know. thank you, stuart, for that. i am connell mcshane. dagen: i am dagen mcdowell. the first year of a second term president is historically bad. which is it? connell: i told him we have a bone to pick with him. fha could make your life that you brought to buy your next house
the national economy is not in good shape. sandra: never before has there been a bigger disconnect in the economy and the stock market. listen, or than 7% of s&p companies had the his earnings season. the reason these companies are doing so well is because wages are not going up and people are doing more work for less money. wait until the sequestration hits on march 1. stuart: charles, you think that it is going up? charles: i do. when caterpillar reports that 70% of their revenue comes...
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Feb 6, 2013
02/13
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WBAL
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asia, not china, but asia is good, the section of the economy they want to talk about is oil and gas, and the renaissance in production if we can harness the fuel of the future, natural gas. they are all waiting and watching, they don't want to switch, the engines are underpowered and use lng, they know the epa hates, because it will not succeed. natural gas to blend with diesel, save money. they also know the complexity engines is great, the need for the infrastructure to fuel trucks. they are jealous how well waste management is doing with the fuel. it is a 2016 proposition for them. the energy situation is tempered by one thing, the intransigent white house, so many of the keystone pipeline, there is the president's true colors, there shows there may be no fossil fuel blessing for everything. i don't want to detract from the optimism all over the place. the hope is that republican party starts talking business. then there is a chance, they don't feel post-fiscal cliff, that washington is the enemy anymore. ♪ [ elevator bell dings ] ♪ wow. ♪ what? ♪ mmm. it looks delicious!
asia, not china, but asia is good, the section of the economy they want to talk about is oil and gas, and the renaissance in production if we can harness the fuel of the future, natural gas. they are all waiting and watching, they don't want to switch, the engines are underpowered and use lng, they know the epa hates, because it will not succeed. natural gas to blend with diesel, save money. they also know the complexity engines is great, the need for the infrastructure to fuel trucks. they are...
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Jan 30, 2013
01/13
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FOXNEWS
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the not stimulated the economy in the way republicans say they would. i think there's a real debate to be had here. we have to be honest about the fact that the deficit is not the immediate issue. >> what does this do to the push that the president wants and some other democrats want for more tax hikes? they want to close hoop holes which is the tax hike. the president was saying when we were struggling and in a recession now is not the time to raise taxes. this is the worst we have been since we came out of that recession. hoping for a one-percent growth which is an nehm mick. instead of growing it's like we lost weight instead of growing weight. you run a gain rate every year. >> he is going to press for more that he canses. this is not about restructuring the sucht economy if you look at the last of the second half. every single time congresses of both taerts weather they are jqk or george w-bush. you can-- every time you raise taxes you shrink this. he's interested in the wealth redistribution part of the transformation of the u.s. economy. so again
the not stimulated the economy in the way republicans say they would. i think there's a real debate to be had here. we have to be honest about the fact that the deficit is not the immediate issue. >> what does this do to the push that the president wants and some other democrats want for more tax hikes? they want to close hoop holes which is the tax hike. the president was saying when we were struggling and in a recession now is not the time to raise taxes. this is the worst we have been...
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Feb 5, 2013
02/13
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CNBC
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economy is much bigger, and the u.s. economy is much more relevant. >> i'm not sure actually the european equities have outperformed. i'm not totally sure about that, todd. mark, just before we let you go, do we worry about europe or basically take it off the agenda? >> no, i'm not prepared to take it off the agenda at all. i think it's been remarkably quiet on that front. but the gain was clearly last july when mario draghi said whatever it takes. recently he's said positive contagion is occurring across the euro area. we're bullish on european equities, but not taking our eye off the ball. >> guys, thank you very much for your time. martin there, and todd. >> thank you. >> let's get to shares of yum brands. shares trading sharply lower this morning. fourth-quarter earnings did beat by a penny, but man, the same-store sales in china, fastest growing market, down 6%. fresh off the conference call. a neutral lowered price target from 69 to 63. david, welcome back. >> good morning. >> you had outlined prior to the quarter
economy is much bigger, and the u.s. economy is much more relevant. >> i'm not sure actually the european equities have outperformed. i'm not totally sure about that, todd. mark, just before we let you go, do we worry about europe or basically take it off the agenda? >> no, i'm not prepared to take it off the agenda at all. i think it's been remarkably quiet on that front. but the gain was clearly last july when mario draghi said whatever it takes. recently he's said positive...
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Feb 6, 2013
02/13
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however, will that bump-up in confidence mean a bump-up in spending and the economy? joining us is a member of our chief executive network. alan, it is nice when people answer things on surveys that they are more positive. will they do anything because of it? >> oh, absolutely, brian. you are seeing balanced opt miss frem ceos. this is a survey that's done. every quarter, we have had 15 quarters of survey results. there are three times as many ceos thinking the economy will do better over the next 15 months, versus the number who think it will worsen. it is telling you that the cloud of uncertainty is starting it fall apart. as the fiscal cliff was avoided, there is some uncertainty but things or on the margin are improving. >> does this attract economic gain? thz it is interesting. it is too early to call it a definitive indicator but if you track the survey, it is remarkable. there is a six-month lag between confidence move and ultimate move in the u.s. gdp. but every time confidence kicks up, the u.s. gdp growth kicks up. there is a definitive measure but certainly
however, will that bump-up in confidence mean a bump-up in spending and the economy? joining us is a member of our chief executive network. alan, it is nice when people answer things on surveys that they are more positive. will they do anything because of it? >> oh, absolutely, brian. you are seeing balanced opt miss frem ceos. this is a survey that's done. every quarter, we have had 15 quarters of survey results. there are three times as many ceos thinking the economy will do better over...
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the cosmetic industry, even though the economy is fragile, these two names, liz, have done well. liz: yep, you ready? i use revlon, i do. i'm afraid to mention the name of the color because there's a run on it, and i buy it by the dozen. it is number 405, silver city pink. >> love it. liz: l.a. from the 70s, but i love it. >> beautiful, i like it. good job, liz. liz: i'm not repeating so you don't buy it out. big business leaders just now arriving at the white house to meet with president obama to talk about what? this time, a plan for an immigration law overhaul. is anybody listening to the big business leaders? the head of the congressional budget office hopes so. he held a nos conference today acting as town crier warning about the nation's budget and fiscal problems. rich edson and peter barnes. the latest, who is there and what do they want to tell the president? >> well, i think the president wants to tell them a thing or two, liz. you know, part of this is -- part of the white house reach out campaign talked to all the constituencies out here in the big battles over the bu
the cosmetic industry, even though the economy is fragile, these two names, liz, have done well. liz: yep, you ready? i use revlon, i do. i'm afraid to mention the name of the color because there's a run on it, and i buy it by the dozen. it is number 405, silver city pink. >> love it. liz: l.a. from the 70s, but i love it. >> beautiful, i like it. good job, liz. liz: i'm not repeating so you don't buy it out. big business leaders just now arriving at the white house to meet with...
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the economy? what do you say? >> i don't think the president is correct on that. strong growth of a seven, 8% growth rate and we are not going to get anything like that, this is not ronald reagan, believe me when i tell you that. this is not jack kennedy. bill clinton did a great job as well. this isn't even bill clinton. the policies they have put into place are antigrowth. stuart: are we headed into a recession? >> i don't know. the fourth quarter 2012, all we need is one more quarter down and that would be the official definition of a recession, so we are close. i think it is pretty rocky, to be honest with you, for the next year. i don't agree with the president, although i would love him to be right and we get very good growth, but i think this next year will be a very tough year. stuart: art laffer joining us from the retirement capital of america, tennessee. is that true? >>> no, we're all hard working people. that is all, stuart. stuart: thank you, art. the dow down 100 points, off 101. th
the economy? what do you say? >> i don't think the president is correct on that. strong growth of a seven, 8% growth rate and we are not going to get anything like that, this is not ronald reagan, believe me when i tell you that. this is not jack kennedy. bill clinton did a great job as well. this isn't even bill clinton. the policies they have put into place are antigrowth. stuart: are we headed into a recession? >> i don't know. the fourth quarter 2012, all we need is one more...
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people know there and experience of the economy. they trust their own debt and you brought up the numbers just this hour about how personal savings rates of gone through. they are worried about the future. it is that simple. people don't trust the noise and information coming out of watching and saying it is okay, go back to sleep, we will keep raising taxes and funding this government and sending you a check every month. charles: the inauguration of president taught nothing about business or growing economy. it seems to me to have made it official, my legacy will be about fairness, rewriting the wrong of yesteryear, leveling the playing field, if that is how we're going to live the next four years in the going to get worse. gerri: in the going to get worse. that is an agenda stuck in the 70s. the democratic party, their agenda is about three decades ago. has nothing to do with today. today we have to find an economy that works and puts people to work. that is job number one and obviously the report today makes that more important.
people know there and experience of the economy. they trust their own debt and you brought up the numbers just this hour about how personal savings rates of gone through. they are worried about the future. it is that simple. people don't trust the noise and information coming out of watching and saying it is okay, go back to sleep, we will keep raising taxes and funding this government and sending you a check every month. charles: the inauguration of president taught nothing about business or...
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Jan 31, 2013
01/13
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CNBC
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we've had a big run-up but basically the global economy is basing and even improving in some areas. we saw how the market reacted to a headline gdp number which wasn't very good, it was very weak, actually, so it tells me that there are buyers in the market, we came out of the earnings season pretty well. debris with joe in terms of the employment number which i think will be around tomorrow, from being 185, that would help us quite ate bit but if it's setback it's momentary, with no new news from the economic front we care about here, i think it's still off to the races. >> stephanie link shine some light. >> i wouldn't be surprised to see a pullback. what scares me is everyone expects 2% to 3% correction. we're either not going to get that or get more. we raised a little bit of cash this week so we can buy these dips but i like what i see in earnings. 79% of the companies, excuse me, most of the companies so far, 79% have either beaten or actually come in line with expectations, and i would say that given what we just went through in the fourth quarter with sandy and the fiscal cl
we've had a big run-up but basically the global economy is basing and even improving in some areas. we saw how the market reacted to a headline gdp number which wasn't very good, it was very weak, actually, so it tells me that there are buyers in the market, we came out of the earnings season pretty well. debris with joe in terms of the employment number which i think will be around tomorrow, from being 185, that would help us quite ate bit but if it's setback it's momentary, with no new news...